Streetbeat News

Visa Inc.

https://usa.visa.com

Industry

Financial - Credit Services

Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Open

307.50

Mkt cap

584B

Volume

2.6M

High

307.63

P/E Ratio

31.39

52-wk high

309.00

Low

304.45

Div yield

0.01

52-wk low

240.97

Visa Inc has announced plans to extend its stablecoin settlement capabilities to the Solana blockchain, in collaboration with Worldpay and Nuvei. The company has been transacting millions of Circle's USDC between its partners over the Solana and Ethereum blockchain networks. This move is aimed at improving the speed of cross-border settlement and providing a modern option for clients to send or receive funds from Visa’s treasury.

Portfolio Pulse from Murtuza Merchant

September 05, 2023 | 7:13 pm

A significant amount of unusual options activity has been observed for Visa (NYSE:V), with a majority of investors taking a bullish stance. The targeted price range for Visa over the last 3 months has been between $115.0 and $305.0. The current price of Visa is down by 0.96% at $245.74. Analysts from Mizuho, JP Morgan, and Wedbush have given price targets of $255, $296, and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:46 pm

Visa (NYSE:V) is expanding its stablecoin settlement capabilities to the Solana blockchain and is working with merchant acquirers Worldpay and Nuvei. The company has already moved millions of USDC between its partners over the Solana and Ethereum blockchain networks to settle fiat-denominated payments. This move is expected to improve the speed of cross-border settlement and provide a modern option for clients to send or receive funds. Visa's work with Worldpay and Nuvei represents a significant stride in embracing the innovative potential of digital currencies.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:07 pm

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 19.34%. If an investor had bought $100 of V stock 15 years ago, it would be worth $1,384.98 today. Visa currently has a market capitalization of $516.75 billion.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 3:00 pm

Wedbush analyst Moshe Katri reiterated Visa Inc (NYSE: V) with an Outperform and a $270 price target. Visa's U.S. Payments volume data suggests slight growth improvements month-to-month, with quarter-to-date in-line performance with the June quarter. Visa announced volume and transaction data for July and August 1-28, 2023, showing a 7% YOY growth in U.S. payments volume. Visa's shares traded higher by 0.13% at $246.54 on the last check Thursday.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 5:29 pm

Mastercard has ended its partnership with Binance due to regulatory concerns. Both Mastercard and Visa are planning to increase merchant fees for accepting their credit cards. Mastercard's stock recently reached an all-time high of $417, despite facing resistance around the $400 level. The stock's recent breakout could indicate the start of a bullish trend.

Portfolio Pulse from Zaheer Anwari

August 31, 2023 | 2:07 pm

Wedbush analyst Moshe Katri has reiterated an Outperform rating on Visa (NYSE:V) and maintained a price target of $270.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 1:55 pm

Unusual options activity has been observed for Visa (NYSE:V), with a large position indicating a bullish stance. The overall sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $200 to $260 for Visa over the last three months. Mizuho has downgraded Visa to Neutral with a price target of $255, while JP Morgan maintains an Overweight rating with a price target of $296.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:01 pm

Visa Inc (V) and Mastercard Inc (MA) are planning to increase credit card fees, primarily for online transactions, in October and April. This could cost businesses significantly, with merchants potentially paying an additional $502 million in fees yearly. The fee increase is justified as necessary for covering expenses related to fraud prevention and innovation. The revenue from these fees often funds credit card rewards programs. The fee hike is also seen as a response to the surge in online spending, as reflected in Amazon.Com Inc's (AMZN) successful Prime Day event.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 1:58 pm

Visa and Mastercard are reportedly preparing to increase credit card fees, leading to a rise in their stock prices.

Portfolio Pulse from Bill Haddad

August 30, 2023 | 1:05 pm

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